Web-acceleration company Fastly hit a record low over the summer, but now there could be signs of a rebound.
The first pattern on today’s chart is the bearish price gap in May after the release of weak guidance. FSLY is now pushing into that gap, which could make some traders see potential for more upside.
Second are the lower lows and lower highs through...
Crude oil has been limping for most of this year, and now some traders may see risk of a bigger drop.
The first pattern on today’s chart is the relentless series of lower highs since September 2023. The trend lines along these peaks have dropped at steeper angles, which potentially reflects increased selling pressure.
The second pattern is the series of slightly...
Nvidia has been mostly quiet since the summer, but some traders may think another move to the upside is coming.
The first pattern on today’s chart is the August high of $131.26. NVDA broke above this level in the first of October and then pulled back to test it in three different weeks. Has old resistance become new support?
Second, the 50-day simple moving...
Oracle has been making new highs since the summer, and some trend followers may see opportunity in its latest pullback.
The first pattern on today’s chart is the October high of $178.61. ORCL ripped above that level after the election, followed by a slide in the last week. It probed near the old high on Tuesday before bouncing. The results were a hammer...
Halliburton has rallied since late October, but some traders may think it’s near a top.
The first pattern on today’s chart is the June low of $32.60. The oil servicer consolidated below that level in August before accelerating downward. It’s now stalling around the same area, which may suggest that resistance is still in effect.
Second, the series of higher lows...
Autodesk has been advancing since the spring. Now some trend followers may see an opportunity in its latest dip.
The first pattern on today’s chart is the bullish gap on November 6 after the Presidential Election. The software company has pulled back to test and hold its levels from before the surge, which may suggest support is in place.
Prices are also trying...
Skechers USA has consolidated since the summer, but some traders may expect a rally this holiday-shopping season.
The first pattern on today’s chart is the August 2 close of $59.45. SKX bounced near that level in September, October, and again last month. Is new support in place?
Second, you have the series of lower highs since September. SKX ended last week near...
Amazon.com jumped to a new record high two weeks ago. Now some traders may see an opportunity in its latest pullback.
The first pattern on today’s chart is the September high of $195.37. AMZN jumped above that level on November 1 after earnings and revenue beat estimates. It was tested the following Monday before prices rallied to new highs. The stock pulled back...
Roblox jumped to a two-year high earlier this month. Now some traders may see an opportunity in its latest pullback.
The first pattern on today’s chart is the bullish gap on October 31 after earnings and revenue beat estimates.
That rally pushed the video-game stock above its September 25 high (also near several peaks since October 2022). Last week, prices...
Qualcomm has drifted since the summer, and now the bears might be stepping in.
The first pattern on today’s chart is the sideways drift that began in August. Following declines in June and July, that series of slightly higher highs and higher lows may be viewed as a bearish flag. Recent moves below the range could also be interpreted as a breakdown.
Second is...
Microsoft doubled between late 2022 and mid-2024, and now some traders may think the tech giant is done going up.
The first pattern on today’s chart is the series of higher highs between February and July, followed by successively lower highs. That rounded top could signal its longer-term momentum has stalled.
Second, the 50-, 100- and 200-day simple moving...
Technology stocks had a strong first half but could be ending the year on a weak note. Is the sector finally losing its leadership?
Today’s chart of the SPDR Select Sector Technology Fund highlights the July 10 closing high of $237.68. XLK stalled around that same level a week ago, resulting in a potential double top on the fund.
Second, prices have slipped...
Energy stocks are outperforming this month, and some traders may think Marathon Oil is getting ready to run.
The first pattern on today’s chart is the relatively tight range that’s formed since the spring. MRO has remained above the May low of $25.50 and below a gently falling trendline. Prices have pushed against resistance for more than a week. That could make...
United Parcel Service has been falling since the middle of last year, and some traders may see risk of another acceleration to the downside.
The first pattern on today’s chart is the arrangement of the 50-, 100- and 200-day simple moving averages (SMAs). The faster SMAs have mostly remained below the slower ones, which is potentially consistent with a long-term...
UiPath fell sharply in the spring after its CEO stepped down, but now some traders may look for a rebound.
The first pattern on today’s chart is the bearish gap on May 30. The AI and automation stock ended yesterday inside that zone. Could prices fill the gap to the upside?
Second, PATH is above its 50- and 100-day simple moving averages. That may suggest its...
The S&P 500 just had its biggest weekly rally in a year, but Verizon Communications didn’t participate. Are the bears moving in?
The first pattern on today’s chart is the trio of drops following the last three quarterly reports. Those may reflect weakening sentiment towards the telecom’s fundamentals.
Second, VZ peaked below $45.55 in late September. That was a...
Air Products & Chemicals jumped last month. Now some traders may see opportunities in its recent pullback.
The first pattern on today’s chart is the bullish gap on October 7 amid reports that activist investor Mantle Ridge had taken a stake. The provider of industrial gases continued upward and made an all-time high two weeks later.
It then pulled back to hold...
Fiber-optic stock Corning has accelerated since the spring thanks to AI demand. Some trend followers may see an opportunity in its latest pullback.
The first pattern on today’s chart is the series of higher lows since August. The 8-day exponential moving average (EMA) has remained above the 21-day EMA for most of that time, which may confirm its uptrend.
Second...
